Innofactor's History: 2015

Impressive Final Sprint Towards the End of 2015

The last quarter of the year was successful. In addition to good profitability, we made several new and significant customer deals. The highlight of the year was the contract to acquire Swedish Cinteros AB, which essentially strengthened our position as a Nordic company. Even though year 2015 was challenging to us, which is why our growth remained at 1.4 percent, we nearly reached the 2014 level of EBITDA at EUR 3.7 million with an impressive final sprint.

In December 2015, we agreed to acquire all of the shares of Swedish Cinteros AB from the company’s management. Cinteros is one of the leading IT service providers in Sweden, focused on offering services base on Microsoft Dynamics CRM. The company employs more than 100 professionals in Stockholm, Gothenburg, and Malmö. Cinteros and its financial information were united with the Innofactor Group as of January 1, 2016. The Cinteros acquisition was completed January 8, 2016.

In 2015, Innofactor employed an average of 427 persons. The net sales in 2015 were EUR 44.5 million.